Global Repo Markets,

Repo, from sale and repurchase agreement, is one for the oldest and
widely used instruments in global capital markets. It is a vital
ingredient in the smooth and efficient running of the financial
markets, and is used by all market participants including central
banks, commercial banks, fund managers and corporates.

This book is a comprehensive, detailed and authoritative
description of the repo instrument. Written by a former repo
trader, it covers applications and analysis of the various
different instruments used in the repo markets. It also places the
repo markets in the overall context of the money markets and
banking asset-liability management.

Auteur
Moorad Choudhry is Head of Treasury at KBC Financial Products in London. He previously worked as a government bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited, and in structured finance services at JPMorgan Chase Bank.
Dr. Choudhry is a Visiting Professor at the Department of Economics, London Metropolitan University, and a Fellow of the Securities Institute in the City of London. He is co-author with Professor Frank Fabozzi of The Global Money Markets

Résumé
Repo, from sale and repurchase agreement, is one for the oldest and widely used instruments in global capital markets. It is a vital ingredient in the smooth and efficient running of the financial markets, and is used by all market participants including central banks, commercial banks, fund managers and corporates. This book is a comprehensive, detailed and authoritative description of the repo instrument. Written by a former repo trader, it covers applications and analysis of the various different instruments used in the repo markets. It also places the repo markets in the overall context of the money markets and banking asset-liability management.

Contenu

Foreword.

Preface.

PART I: THE REPO INSTRUMENT AND THE DEBT CAPITAL MARKETS.

Chapter 1. Intro to Repo.

Chapter 2. Market Background: The Bond Markets.

Chapter 3. Market Background: The Markets.

Chapter 4. The Repo Instrument.

Chapter 5. Uses and Economic Functions of Repo.

Chapter 6. Repo and Structured Financial Products.

Chapter 7. An Introduction to Money Market Trading and
Hedging.

Chapter 8. An Introduction to Banking Asset and Liability
Management (ALM).

Chapter 9. The United Kingdom Gilt Repo Market.

Chapter 10. Selected Country Repo Markets.

PART II: INSTITUTIONAL TREATMENT OF REPO.

Chapter 11. Repo Dealing Risk.

Chapter 12. Accounting, Tax and Capital Issues.

Chapter 13. Legal and Documentation Issues.

Chapter 14. Repo Netting and Electronic Trading.

Chapter 15. Equity Repo.

PART III: BASIC TRADING AND THE IMPLIED REPO RATE.

Chapter 16. Basic Trading and the Implied Repo Rate: Part I.

Chapter 17. Basic Trading and the Implied Repo Rate: Part
II.

Chapter 18. An Introduction to the Fundamentals of Basic
Trading.

Glossary.

Author Index.

Index.